Tundra Semiconductor Corp Message Board

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Gold/Mining/Energy : Tundra Semiconductor Corp

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To: Ron Schier who wrote (10)	1/28/1999 2:27:00 PM
From: B. Carrington	Read Replies (1) of 46

My contacts tell me that there were over $410 million in subscription requests on the IPO as compared to an initial market offering of $50 million. As stated in the news release, the ipo price is $9.25. I have been advised that the open on February 8th could be anywhere from a low of $12.50 to a high of $14.25. This assumes that there are no significant negative macro events hitting the market in the interim. Based on the short term projections of the Company, the PE ratio of the Company is less than half that of similar semiconductor companys. If the stock markets remain stable, Tundra could be in the high teens to low twenties by end of Q1. Regards, B. Carrington

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